The Central Bank of the UAE (CBUAE) today issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the repercussions of the weather condition for a period of six months.
UAE announces $50-million pledge to major initiative that can lift millions out of poverty
The UAE has committed $50 million to a major multi-donor initiative that seeks to lift millions out of poverty. It will be the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a …
UAE announces USD 50 million commitment to Lives and Livelihoods Fund 2.0
The UAE has committed USD 50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a major multi-donor development initiative that supports the Islamic Development Bank (IsDB) …
UAE announces $50mln commitment to Lives and Livelihoods Fund 2.0
ABU DHABI: The UAE has committed US$50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a major multi-donor development initiative that supports the Islamic Development …
Al Etihad Payments launches Open Finance to strengthen UAE’s financial services sector
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has signed a partnership with Core42, a G42 company and full-spectrum AI enablement solutions provider to mark the …
UAE: Education, Aviation, Healthcare Most Vulnerable To Cyberattacks, Say Experts
The education, aviation, and healthcare sectors within the GCC including the UAE have been the prime targets for cyber threat actors. Thes …
UAE Ministry of Finance launches customer councils
To introduce innovative government services that improve customer experience, in line with the Zero Government Bureaucracy programme …
UAE Announces US$50 Million Commitment To The Lives And Livelihoods Fund 2.0 To Advance Sustainable Economic Development In Isdb Member Countrie
( MENAFN – Dubai PR Network) Abu Dhabi, UAE. April 23, 2024: The UAE has committed US$50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a major multi-donor development …
UAE Is Drafting New Research and Development Tax Incentives
The UAE is planning to provide its first research and development tax incentives to bolster business investment.
Emirates, flydubai resume flights after floods in Dubai
Dubai flagship carrier Emirates and sister airline flydubai said they have resumed normal operations after heavy rains caused severe flooding in the UAE …
UAE central bank asks lenders to defer loan repayments for six months to help flood-hit residents
Roughly a year’s worth of rain pummeled the Gulf country in a span of just 12 hours between April 16 and 17, destroying businesses, cars and other property.
Diego Megia’s Millennium-Backed Hedge Fund Plans Milan Office
Former Millennium Management portfolio manager Diego Megia’s new hedge fund is setting up an office in Italy, joining peers seeking to take advantage of the tax incentives offered by the European …
Islamic banking and finance is emerging in CIS Countries
While the global assets of Islamic finance industry boast a value exceeding $4.5 trillion, CIS countries are just beginning to tap into this potential. This surge is driven by a combination of factors …
Dubai’s Network International receives SVF licence from Central Bank
Dubai-based Network International has received its stored value facility (SVF) licence from the Central Bank of the UAE, enabling it to issue stored value products, which includes any non-cash …
Spinneys’ $375 Million Dubai IPO Draws Franklin Templeton
The family behind high-end supermarket chain Spinneys is seeking to raise as much as 1.38 billion dirhams ($375 million) in a rare private sector listing in Dubai that’s drawn Franklin Templeton as a …
44pc UAE retailers hit by cyberattacks in 2023, losing $3.08m
In the UAE, the average financial impact per affected individual reached AED3,250 in 2023, indicating a 270% increase from the previous survey. Despite this rise, 68% of UAE businesses report having …
UAE shares successful government modernisation experiences with Rwanda
The Government Experience Exchange Office in the Ministry of Cabinet Affairs received a delegation from the Government of the Republic of Rwanda, with the aim of sharing the UAE’s successful …